Issues of Interest

Hosted by Baker Newman Noyes

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Latest episode

Sep 2025

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EN-US

About the show

Issues of Interest is a podcast for the banking and financial services industry from Baker Newman Noyes. Our accounting and advisory professionals discuss assurance, tax, business, and technology topics and trends affecting the industry.

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18 recent

September 2, 2025Episode 535 min

AI in Banking: Revolutionizing or Risky?

AI is a frequent topic of conversation but what do we really mean when we say artificial intelligence? How are banks and financial institutions already using AI, and what are the benefits and potential pitfalls?In this episode of Issues of Interest, BNN's Information Systems and Risk Assurance practice lead, Pat Morin, sits down with Krystal Martin, senior manager at BNN, and Ryan Robinson, senior director at Mainstay Technology to talk about what AI is and its potential to revolutionize tasks like credit analysis and fraud detection. They also discuss potential risks and why cybersecurity is more important than ever. Tune in to learn more about how institutions can balance leveraging AI's benefits with safeguarding against its threats.Connect with Pat Morin on LinkedIn: https://www.linkedin.com/in/patrickamorin/ or via email at pmorin@bnncpa.com Find Ryan Robinson on LinkedIn: https://www.linkedin.com/in/ryancolerobinson/ or via email rrobinson@mstech.comMainstay Technologies: https://www.mstech.com/Connect with Krystal Martin on LinkedIn: https://www.linkedin.com/in/krystal-martin-14296143/ or via email at kmartin@bnncpa.comShould I Be Using A.I. Right Now?, The Ezra Klein Show https://www.nytimes.com/2024/04/02/opinion/ezra-klein-podcast-ethan-mollick.htmlCISA New Best Practices Guide for Securing AI Data Released https://www.cisa.gov/news-events/alerts/2025/05/22/new-best-practices-guide-securing-ai-data-released

February 25, 2025Episode 717 min

FinTech in the banking industry

In this episode of "Issues of Interest," host Pat Morin sits down with Bryan Mulcahey, managing partner at FS Vector, to delve into the evolving landscape of FinTech and its impact on the banking industry. They explore how bank techs and embedded banking FinTechs are transforming financial services. Bryan shares insights on the advantages and opportunities FinTechs offer banks, such as improved customer experiences and expanded services. The conversation also touches on the role of AI, highlighting its potential to enhance efficiency and combat fraud. Tune in to discover how banks can leverage FinTech partnerships to stay competitive and innovative in a rapidly changing market. You can connect with Bryan on LinkedIn or via email at bmulcahey@fsvector.com. Pat can be reached at pmorin@bnncpa.com.

January 29, 2025Episode 627 min

State and Local Tax Considerations for the Banking Industry

On this episode of "Issues of Interest," Nick Smetana, tax manager, joins Leanne Scott, state and local tax principal, to discuss sales and use tax matters for banks and financial institutions. Discover why these often overlooked tax types are crucial, the importance of self-assessing use tax, and the impact of recent legislative changes in states like Vermont and Maine. Tune in for insights and practical advice to navigate the ever-evolving tax landscape.

December 18, 2024Episode 514 min

Exploring meals and entertainment tax deductions

In this episode of "Issues of Interest", host Adam Aucoin speaks with Connor Smart about the complexities of tax deductions for meals and entertainment, just in time for the holiday season. They explore the impact of the Tax Cuts and Jobs Act on these expenses, the upcoming changes in 2025, and the importance of meticulous record-keeping. Whether you're navigating business lunches or holiday parties, this episode offers valuable insights to help you stay compliant and make the most of your deduction.Find Connor's article which delves further in this topic here.

November 21, 2024Episode 419 min

Tax Impact of a Trump Presidency on Community Banks

In this episode of Issues of Interest, Joe Jalbert, banking practice lead, and Adam Aucoin, tax principal, discuss what they are hearing about potential tax changes in Trump’s second presidency. Adam talks about the tax changes during President Trump’s first term before outlining what came up on the campaign trail including possible adjustments to the tax rate, extensions for the Tax Cuts and Jobs Act, as well as shifts in how tipped income and Social Security benefits are taxed. Adam and Joe also discuss when these reforms could occur and steps community banks can take to be prepared for legislative updates.

October 30, 2024Episode 319 min

Revealing the Truth Behind Common Cybersecurity Myths and Related Best Practices

In this episode of "Issues of Interest," Information Systems and Risk Assurance principal Pat Morin joins cybersecurity manager Pawel Wilczynski to discuss the importance of cybersecurity for banks and financial institutions of all sizes. They address common misconceptions, such as the belief that small businesses are not targets for cybercriminals and that cybersecurity is solely an IT issue. The episode highlights steps organizations can take to boost security including employee training, strong passwords, and multifactor authentication. The cybersecurity e-book mentioned in the episode can be found on our website.

September 26, 2024Episode 230 min

Lessons learned from the adoption of CECL

Tune in to the latest podcast episode of Issues of Interest from Baker Newman Noyes, where host Jordin Milano discusses the implementation and lessons learned from Current Expected Credit Loss (CECL) adoption in the banking and financial services industry. Joined by guests Mark Haberland and Chase Ogden from Darling Consulting Group, this episode delves into the importance of ongoing monitoring, the CECL control environment, and effective governance. Discover how institutions can take ownership of their models, perform sensitivity testing, and monitor model assumptions. A note from Darling Consulting Group: Thank you for listening to this episode of Issues of Interest to discuss the next phase of CECL for your organization. As all eyes turn to a falling rate environment (and the next potential economic downturn), we encourage you to not lose focus on the reliability of your CECL model. Now that implementation is in the rearview mirror, CECL has the potential to fall off the radar. But can you be certain your model will still perform reliably as rates fall and credit impacts rise? To help ensure your CECL model continues to perform as intended, DCG developed a robust CECL monitoring product, which had been missing throughout the industry until now. DCG’s ongoing monitoring can offer the confirmation that a CECL model remains fit for use through economic environment changes. To view this new product, you are invited to watch this virtual walkthrough.

August 27, 2024Episode 123 min

Private Foundations in the Banking Industry

Many banks consider setting up private foundations because of the advantages they can provide. Private foundations can provide key PR benefits, help improve a bank’s standing in the community, provide an opportunity for members of the community to serve in a board role, and can control timing of charitable contributions.In this episode of Issues of Interest, BNN tax principals Adam Aucoin and Nick Porto discuss the intricacies of setting up and managing private foundations for banks. They talk through potential benefits, highlight potential pitfalls, and provide practical advice for avoiding common mistakes.Here at Issues of Interest, we help you stay current on what’s happening in the industry so you can achieve success for your institution. We cover assurance, tax, business advisory, and technology topics and trends affecting the industry. Subscribe today to receive news and developments directly in your inbox.

June 26, 2024Episode 1018 min

How can banks use R&D credits to their advantage?

In this episode of Issues of Interest, BNN tax principal Adam Aucoin speaks with Dave Fleischer, principal at Business Resource Services, about R&D credits, what banks need to consider, and how they can plan ahead and use credits to their advantage. Banks and financial institutions are constantly navigating volatility and change. Here at Issues of Interest we help you stay current on what’s happening in the industry so you can achieve success for your institution. We cover assurance, tax, business advisory, and technology topics and trends affecting the industry. Subscribe today to receive news and developments directly in your inbox.

June 3, 2024Episode 927 min

Androscoggin Bank’s Corporate Impact Program: Promoting sustainable lending and investment in Maine

In this special guest episode of Issues of Interest, Pat Morin and Kirsten Dionne speak with Androscoggin Bank CEO, Neil Kiely, about a recent sustainability loan project the bank worked on with our ESG practice. Pat, Kirsten, and Neil discuss how the project came about, how they approached it in service of Androscoggin's overall ESG goals, and how this effort is reflective of the broader ESG space in Maine, New England, and beyond.